BAKU, Azerbaijan, May 4. The European Bank for
Reconstruction and Development (EBRD) will provide a long-term
senior loan of up to €45 million to Turkish private soft drinks
producer Uludağ İçecek Türk A.Ş., Trend reports, citing the bank.
According to the EBRD, the financing will be directed toward
capital expenditures for the construction of a new plant in eastern
Türkiye.
"The project’s Expected Transition Impact (ETI) score stands at
66. The loan proceeds will be used to finance energy- and
resource-efficiency measures. As part of the project, the company
will also develop a Corporate Climate Governance Action Plan
(CCGAP).
In addition, the project is expected to create 120 jobs," the
bank said.
The total cost of the project amounts to €45 million.
The EBRD noted that it will provide long-term financing aligned
with the company’s investment plan, as well as support the
development of its climate governance system.
